Malaysia recorded the highest investments of RM309 billion under former prime minister Muhyiddin Yassin even amid the challenging global economy at the time due to the Covid-19 pandemic, Mohamed Azmin Ali said last night.
“What is the meaning of this RM309 billion?” Azmin, the international trade and industry minister, said at an event in Sepang last night.
“It means that when big foreign companies enter Malaysia, our children can find work. Not doing manual labour, but in high-income positions.”
Azmin said this success was due to neither Barisan Nasional and Umno nor Pakatan Harapan, attributing it to the work and initiatives carried out under Muhyiddin’s Perikatan Nasional administration.
“It’s not possible that what we reap today, we sowed six months ago,” he said.
“Even planting taugeh takes a long time, what more the seeds of an economy that is good and healthy.”
In March, it was reported that the amount of foreign direct investments and domestic direct investments in 2021 had exceeded expectations, increasing 83.1% from what was recorded in 2020.
Azmin said there had been a multiplier effect on the domestic economy, adding that Malaysia’s economic development today was due to the leadership of the PN government.
“Bank Negara announced last week that Malaysia’s economic growth in June jumped to 8.9%, the highest in the region,” he said.